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of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
shoppers, beware. you may get slapped with a new internet tax being handed down from capitol hill. that story, just ahead. >>> and later, giving new meaning to the term zombie economy. >> they see you as killers. they're training to attack. >> i'll tell you what, next time you see phillip, you tell him i'm going to take his other eye. >> the creator of "the walking dead," robert kirkman, attributes part of his show's success to the financial crisis. kirkman will join me later to explain. you're watching the "closing bell" on cnbc, first in business, worldwide. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i
at as nation's governments weighs a new bank account tax. there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happen with standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go t
on the failed idea that giving another round of tax cuts will somehow triple down and lift up all the other boats. we know that has not worked. peter: the senate starts its votes on its budget tomorrow. i will start here before i talk about easter bunnies and march madness. connell: we do not want that, peter. we never want you to get into trouble. dagen: that does not get you into trouble with us. we go as far as talking about audio parts. right now we want to talk about funding the government. 68% of americans say it is a problem. connell: monica crowley is here with us today, as is leo kelly. interesting because of what we have seen in the stock market. today, with the market pulling back with all-time highs, it is not really about the stuff peter is reporting about. >> cyprus, his little country that no one really was paying attention to a couple weeks ago certainly has no whole world turned upside down. what the market has really come to expect from washington is delayed until the last minute, but come up with a resolution. the threat goes away each time they do this. dagen: speaking o
for medicare. or else i lose my provider, and i think that's a tax they are putting on people with -- bilities and trying to got to pay on their disability. and those with legionnaires disease or h.i.v., dirty needles. host: ray, atlanta, georgia, republican party. good morning. caller: good morning. very interesting conversation you're having this morning. i have found that most people pend a fairer amount of time planning for their vacation than for their retirement. i work with a fortune 10 company and have been with them for 28 years so at the water cooler hearing different conversations if you ask people how much money they have in their 401-k, a lot of them have no idea nor do they have any idea on the different plans to put their money in. it's rather appalling, actually. host: ray, how old are you? caller: 52. host: when do you plan to retire? caller: i'm going to work until i'm 62-63 years old. something about public america, i have a -- family members with retirement pensions about $65,000. being in corporate america my pension is nowhere near that, so if we don't save in our 401-k t
about cyprus and what they'r they are doing, thet off this decision to tax or confiscate the bank accounts, but what happens now? how will they please those at the imf and the european union? big questions remain and that is why you see the red arrows. but just squeezing out a gain for now. lauren: investors also applied to the safety of u.s. treasuries today rallied for a third day pushing the yield on the 10-year note to a two-week low. david: without the fed announced what they are going to announce on wednesday. oil closing below $93 per barrel, this is the first fall for crude in four sessions, dropping 1.7% settling at $92.16 per barrel. lauren: and you have to look at the retailer's underperforming the market today especially the key names. american eagle, abercrombie and fitch, all falling greater than 3%. david: the stocks are much the same. rejecting the confiscation of bank accounts but there are things going on here in america that are not as friendly. the chief research officer joining us with a disturbing new report, one that shows the united states is falling behind
now, speaking of cyprus, the idea of confiscating people's income after already been taxed sent a chill far beyond cypress. could that happen here? that is question we ask steve forbes, fox chairman and editor-in-chief. he has thoughts on that you don't want to miss coming up on the "countdown to the closing bell" -- "after the bell" [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪
, the senate votes to repeal an obamacare tax. there's a headline for you. good morning, everyone. it's the medical device tax and the vote to strike it down 79-20, overwhelming abipartisan, the it helps to fund obamacare, upwards of 40 million people will face huge health insurance cost increases next year. could it be that obamacare is unravelling? don't forget cyprus, civil society is unravelling there. they're running short of gas and basic supplies and they've got 72 hours to come up with big money or else. don't worry, stocks will be up again just a few minutes from now. "varney & company" about to begin. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. sta
taxes taken out of the pockets of hardworking american families, more government spending which adds to the trillions of dollars in debt that will be handed down to the next generation. our friends on the other side of the aisle talk about a balanced approach, but they refuse to even balance their own budget. our vision calls for a stop to washington's failed policies and reckless spending. it says american families and small businesses understand you can't spend more than you take in. you need to balance your budget, and it's time for washington to do the same. this vision seeks to protect the things that we value most, to keep the promises we made to our seniors, to our veterans. i'm the son of a u.s. marine. while at the same time allowing us to leave a better future for our kids and our grandkids, that's the vision i want to work toward and that's why i'm proud to support the house budget committee's proposal which we'll be voting on later this week. this isn't about passing a budget for one year, just one time. this is about creating lasting solutions that help grow our economy
clara. >> tonight the council agreed to waive a 9.5% hotel tax on the 350 rooms the staff will occupy. it will also waive a 10% ticket surcharge and a 35 cent ticket fee funding senior and youth programs and a $4.54 parking fee will be waived. >> by having fees waived it makes us more attractive. even though we have all of this to offer it is the first time we are doing this. we want to make sure we are competitive. >> santa clara is going up to host super bowl 50. miami has already hosted 10 super bowls. but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super
the council agreed to waive a 9.5% hotel tax on the 350 rooms the staff will occupy. it will also waive a 10% ticket surcharge and a 35 centfd youth programs and a $4.54 parking fee will be waived. >> by having fees waived it makes us more attractive. even though we have all of this to offer it is the first time we are doing this. we want to make sure we are competitive. >> santa clara is going up to host super bowl 50. miami has already hosted 10 super bowls. but sources say they can't afford to waive the hotel tax. hotel managers meantime say temporarily waiving the tax won't affect their bottom line. >> the exposure we will get here during the super bowl event will more than make up for anything that is lost. >> by exempting the rooms left to nfl employees and nfl workers they would be exempt to the tax on those rooms and that money would not be paid. >> reporter: some worry about what santa clara is is conceding in order to win this bid. but the majority of those here tonight couldn't be happier with the possibility of hosting a super bowl. >> i support the super bowl in santa clara beca
trade that stuff and make money off of it if you buy enough quantity. it is triple tax-free. anything related to california, municipalities, people are buying them. they are buying them at discount and they are trading them. they are clipping the coupons. do they hold them until maturity? maybe not. here is one more, yankee stadium that that was issued to basically build the garage, again, buying with pennies on the dollar. you do not necessarily hold it until maturity. this is a trade. trade detail risk. big risk here. you can make some money. >> i will follow your advice and not go into this market. california, basketcase when it comes to taxes. it seems too low if they are trading at pennies on the dollar. charlie: it is the real distress stuff like this west virginia tobacco bonds. why aren't the tobacco bonds distressed? when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his abil
for 1 trillion in tax increases over the next decade. elizabeth plan will break it down at the bottom of the hour. president obama wrapping up four day tour in the middle east. before leaving israel the president managed to broker a an apology from netanyahu to the british prime minister over commando raid turkish ship that killed 8. he admitted mistakes were made in 2010 as forces were nato embargo. >> can i tell you about this meteor? >> i love that i was up up all night tracking this. this was the meteor they were talking about if you live along the east coast. it's all anybody is talking about. video of reportedly a meteor over a home in maryland from north carolina all the way up to maine. hundreds of people reported official across the sky. claims to captured the security video too. nasa experts says the space rock was probably the size of a softball or volleyball. they are not sure what size ball it was. perhaps a basketball. it burned up in the atmosphere though. >> alisyn: thank goodness. thank you for monitoring that. please call me immediately if you see it heading towards
happened in benghazi because hillary clinton's e-mail has been hacked. >> brian: it's taxes versus entitlements on capitol hill today. republicans and democrats present their budget plans. but which one is better for your wallet? if you like a light wallet, one might be better. if you want within filled with money, one might be better. >> steve: i want the george castanza wallet. tv anchors are supposed to be ready, aren't they? >> we have breaking news to report to you. fox 54 has just learned that a huntsville news anchor is being proposed on live -- right now. (scream). >> brian: that is great. >> steve: oh, man. meet the anchor who got the surprise of her life on live television. >> brian: that is awesome. >> steve: it is. "fox & friends" hour two for tuesday starts right now. that's why you got to be really careful. we're very trusting of the people behind the scenes who put things in the teleprompter. >> what's funny is it took her a second, you know, fox anchor is being proposed -- oh it came out and then she realized. that's what happens with breaking news. >> brian: you se
not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on the stock market, more on gold and banking stocks, you think? >> i think so, again, what it does, it calls into question the integrity of the financial community and that's what central bankers and legislators fear most. it's not the markets themselves, it's fear of the market and fear of stability because that is what drives confidence and one thing that bernanke can't afford to lose right now. stuart: here is what i think might happen. a no vote, the russians step in, europe says we can't have russia, and they step in. >> i think a power play and progression of events, but i would not count out the chinese in this one. stuart: keith fitz-gerald. thanks. the latest proposal from
their taxes as well. we're talking about the thousands of government federal employees dodging the i.r.s. should they be fired? we've got an update on that this morning. >>brian: you think a woman's cheating husband would get the message. after she uses a billboard for revenge. but the best part is how she paid for it. look at that. "fox & friends" starts right gnaw. >>steve: welcome to march madness live here on the "fox & friends" set. >>alisyn: good to be with you all. >>steve: the president is out of the country, 50-hour sprint in israel. we have a situation where a lot of you are saying it is so cold here, i can't wait for vacation. we have a great segment in about 20 minutes. we have the founders and c.e.o. of 14 sandals, three beaches. wouldn't they like to see alisoe just as a token. we might have a beaches bureau. >>alisyn: let's do it. i volunteer. let's talk about the middle east. the president is making his first trip to israel since becoming president and there's a lot of tension, including this attack with rockets fired across the border. >>steve: indeed. somewhere in g
realistically think it's going away any time soon? the republican fantasy budget reduces taxes dramatically without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world int
spending can create jobs, but house republicans seem more interested in cutting taxes than listening to what the american people actually might want, as a reminder, the paul ryan budget cut spending, and offense no new revenues, with six budgets on the table, what is the road ahead? joining us now is doug lulls holtz-aiken, the former director of the congressional budget office. also the chief economist of the president's council of the economic advisers until president george w. bush. >> great to be here. >> and budget season no less. >> the thought in washington. >> you wrote it's like the super bowl for budget wonks and those who love them. >> just besides myself. >> i feel like we're going to have differing viewpoints here. >> shocking. >> i feel like you are not a fan of the murray budget, but whether or not you like it, she does offer both spending cuts and revenue. may not as much in spending cuts as republicans would like, but it seems like democrats are more open to compromise than republicans when it comes to the basic issue of spending and cuts. do you disagree with that?
. they pay their taxes. they may have different circumstances, but they're just as hard working. i think the border generally is insecure. if it was secure, we would not have a drug problem. people always want to blame. pack the bulbto -- pass the buck when they cannot deal with the real issue. that is my opinion. i appreciate you listening. --t: dan tweets in monte writes immigrants legal or illegal, to hand and enough to eat and consume. they help the economy and take jobs from no one. you can share your tweets tith us. -- with us. focusingrom reuters, u.s. immigration detention cost. there was much controversy recently about federal officials releasing hundreds of immigrants from detention centers, ahead of the looming budget cuts. the real issue should be the u.s. taxpayer foot as the bill to retain more than 30,000 people every day. not a group of immigrants to pose little threat to public safety were transferred out of federal facilities last week. and he says that should not be the focus. instead the fact that they're being detained should be. she writes whenever the circumstances
be close to passing a new online sales tax. the senate approved a nonbinding amendment that would allow states to collect sales tax from online retailers that are grossing more than $1 million. the vote mostly symbolic. but this could lead to further legislation. right now states can only tax internet sales if the retailer has a physical presence in their state. amazon customers here in california they already pay sales tax. >>> an investigation into contributors to a state political action committee is expanding right now. the huffing ton post reports the states fair political practices commission. that pack reported receiving $11 million for campaigns to defeat a tax hike backed by governor brown and to pass is a measure that would have curbed union spending on elections. california law requires contributors to state initiatives to be publicly disclosed. >>> most babies are fed solid food too soon. 98% of mothers say they give their baby's solid food before the age of six-hundredths. doctors recommend against solid food for at least six months because it's hard to digest. early introd
campbell ktvu channel 2 news. >>> lawmakers may be close to passing a new online sales tax. the senate approved a nonbinding amendment that would allow states to collect sales tax from online retailers that are grossing more than $1 million. the vote mostly symbolic. but this could lead to further legislation. right now states can only tax internet sales if the retailer has a physical presence in their state. amazon customers here in california they already pay sales tax. >>> an investigation into contributors to a state political action committee is expanding right now. the huffing ton post reports the states fair political practices commission. that pack reported receiving $11 million for campaigns to defeat a tax hike backed by governor brown and to pass is a measure that would have curbed union spending on elections. california law requires contributors to state initiatives to be publicly disclosed. >>> most babies are fed solid food too soon. 98% of mothers say they give their baby's solid food before the age of six-hundredths. doctors recomme
governor jerry brown, mayor chuck reed, and samsung electronic executive. it includes tax breaks and equipment reimbursements. the city of austin, texas offered similar incentives trying to get samsung to move there. >>> the long awaited devil's slide towns could open as early as today. alex savidge is joining us live in pacifica where the ceremony will be hold in a few hours. alex. >> reporter: after eight years of drilling and digging and tod these two new tunnels. this is the highway 1 bypass heres at the devil's slide. these tunnels brand new. take a look at them. live this morning. they are just shy of a mile long and they will create a safe and problem free way for people to get between pacifica and the half-moon bay area. this is a $400 million project that features to bores through the mountain. the tunnel allows drivers to avoid a section of highway 1 that has been plagued over the years by mud slides and rock slides. in many cases those slides have closed the two lane road for months at a time. stranding people that live south of here. devil's slide has been the sight o
, mayor chuck reed, and samsung electronic executive. it includes tax breaks and equipment reimbursements. the city of austin, texas offered similar incentives trying to get samsung to move there. >>> the long awaited devil's slide towns could open as early as today. alex savidge is joining us live in pacifica where the ceremony will be hold in a few hours. alex. >> reporter: after eight years of drilling and digging and building, finally later on today crews are set to unvail these two new tunnels. this is the highway 1 bypass heres at the devil's slide. these tunnels brand new. take a look at them. live this morning. they are just shy of a mile long and they will create a safe and problem free way for people to get between pacifica and the half-moon bay area. this is a $400 million project that features to bores through the mountain. the tunnel allows drivers to avoid a section of highway 1 that has been plagued over the years by mud slides and rock slides. in many cases those slides have closed the two lane road for months at a time.
in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out r
a tax break from 39 to 25, that's a $200,000 tax break for the rich. >> bill: yes, that's right. it lowers it even beyond where george bush had lowered it yes. >> and a $5 trillion hole in the budget too they say when this is all done. >> bill: yeah but he makes up for that by getting rid of obamacare and medicare. >> caller: right it's $200,000 tax cut. >> bill: exactly. but russell it is a total sham and they know that and who are they kidding right? >> well, we got rid of our nut cases our last election in illinois. and they vow to get rid of kurt and this tea party guy from down state in the next election. illinois has had enough of the republicans. >> bill: well, i will hope that -- pardon me -- that that would be true with a lot of these tea party people, because that's who is driving the train here in the united states congress. russell good to hear from you. out in las vegas, nevada. lee joining us. hey, lee, good morning. >> caller: good morning, bill. how many times, bill are we going to hear about this -- i call him eddie munster budget? it's so pathe
2011, it's being talked about heavily to get this, uma, to tax bank deposits in italy. so we had that bank deposit tax rejected in cyprus, these other measures are still in flux right now to save the banking system in cyprus. the situation is pretty dire right now. we're waiting for the deadline to pass on monday, see what happens there, uma, i'm going to give it back to you. uma: it's definitely scary, and the stakes remain quite high. thank you sop for that update. jon: a woman who is seen on surveillance video is then found dead just hours later. now police help the public will help them find her killer. the latest on this murder investigation. >>> and sweeping renovations could be coming to guantanamo bay to the tune of $49 million. a look at what the pentagon is proposing for the detention camp there and what it means for taxpayers, that includes you. it's coming up in a live report. hey. they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of d
and housing and job creation, but the headwind with tax increases january 1, the sequester spending cuts kicking in and now all these issues coming out of europe, all things we expect the chairman ben bernanke to talk about in the press conference in 90 minutes from now. lori: peter, thank you. melissa: just under an hour until the fed decision, what our futures traders betting on? jeff flock with that, what are they betting on? jeff: the difference in the trading options, contrast that and all the people you see, walk up here with me if you would, this is the fed funds futures pit, u.s. interest rates, do you see the tumbleweeds blowing through the picks? take a look at what the bets are. the fed watches something the cme keeps out. the fed percentage possibilities of a fed rate hike. march 2014 meeting a year away, and 8% chance. in october 201432% chance. you have to go to the june meeting of 2015 before you get more than a 50% chance of a rate hike. what are the possibilities it will be a half a point where three quarters of a point or a point. we can break that down for you up there
. the government is changing their plan. instead of taxing at 6.75%, the will tax at 3%. >> shepard: this is a bank holiday in cyprus. they were going to open tomorrow. then they decided to wait until wednesday or thursday. now looks like friday. and along the way, there was a plan to tax large amounts of money at something close to 10%, and then every day folks at something less. that's the part you said they've taken down. >> that's the part they're concerned with. they know they're making the people who live there angry. if you woke up tomorrow and saw your account -- your mother's account was being impacted like this, you would be desperately unhappy. i can't imagine what kind of reaction we would get here in the u.s. >> the concern is that cyprus does this, you have problem in italy and spain. and then there's a run on their banks. >> you don't know the impact here. it's the rule of law. you're not supposed to take things that aren't you're, especially if you're the government. that's why you saw the market solidly negative. i don't know how there's control over this. we'll be watching but dee
of dollars in exchange for santa clara to host the super bowl. as a are the measure, hotel taxes to of those up with the nfl will be waived as well 2000 as to tax surcharges that would go in and funding to in new stadium. santa clara is competing with miami for the 2016 super bowl. miami however chose not to given to the request made by the nfl. santa clara's mayor believes as moves as the city and a prime position to get the big game. the nfl is not expected to make their decision on the location until late may. 7:36 a.m. and we will take a break. a live look at the james lick freeway, try the backing up a little bit on southbound 1 01. overall, not too bad. we will be right back. [ malema announcer ] whewn it comes to the finannacial obstacles milmitary families face, we understand. our oufinancnaial advice is ge gared specifically to cuo rrent enand former mily me mbers and their familie lifle brings obstacles. usaa bra ings retirement advi. that's my late night munchie meal. comes with one of four awesome new entrées. i got an exploding cheesy chicken sandwich! i got a stacked grilled c
to collect sales tax from all out of state internet retailers will take place in the senate today. inevitably, it has a lot of support from the big box retailers in particular. let's bring in john harwood who is live from d.c. though this may just be a symbolic vote, weir to are told john. >> symbolic, but not meaningl s meaningless. it's a spring training of sorts to test opinion within congress on various causes. we saw a vote yesterday on the budget resolution, on the repeal of a medical device tax that was included to help finance the national health care law in the early part of the obama administration. the reason it's spring training is that budget resolutions themselves are not lost. so these are not binding votes, but they're a way to test sent ims for what they make later on and that's what we're seeing on the online sales tax situation. 48 states already have laws on the books requiring online retailers to collect state sales tax, but those laws are often ignored and you have a bill that has some bipartisan support that would require all states to collect those taxes. if split, th
concessions to the nfl. santa clara will wave a 10 percent hotel tax on the 350 rooms the nfl staff would occupy and it would waive a 10 percent surcharge and smaller fees. they hope to make the bid more attractive and competitive with miami, the other finalist to hope the super bowl. representatives will take the pitch to the nfl on may 21. our news reporter will have a live report at the top of the hour. >> it is expected to be a tense gathering when the board of hewlett-packard holds the annual meeting today the shareholders have called for the ouster of half of the board members of at the palo alto high-tech giant made several poor investments including the botched $8 billion take year of a software maker in 2011. h.p. argues reshuffling the director could undermine efforts to revitalize the company. the c.e.o. is working to improve the fortunes of the computer make. >> an investigation is underway in south korea into possible cyber attack after computer networks of three broadcasters and several banks were paralyzed in seoul days after north korea blamed south korea and the united st
clara wave a hotel tax for 350 rooms for nfl teams and staff, eliminate an nfl ticket surcharge, as well as an offsight parking permit fee. the city is requiring the bid committee to cover those costs. its goal is to raise $25 to $30 million. >> that is going to be the challenge of the host committee is torrets the funds necessary. >> we're first. we're not behind others. we'll be first to get paid. we'll make sure our costs are covered. >> reporter: some questioned why a multibillion business needs these types of incentives. >> i find what's being proposed somewhat appalling. essentially we're bike the nfl to come here. >> the stadium boosters have managed to admit that the deal benefits the san francisco 49ers, but not the city of santa clara. >> reporter: santa clara's competition did not approve the financial incentives requested by the nfl. >>> more details now, the bay area could see revenue similar to new orleans in this year's super bowl. that was about $185 million. league owners are expected to vote on whether the bay area or miami hosts super bowl 50 on may 21st. if the bay ar
including providing services like police, fire and set up. also that santa clara wave a hotel tax for 350 rooms for nfl teams and staff, eliminate an nfl ticket surcharge, as well as an offsight parking permit fee. the city is requiring the bid committee to cover those costs. its goal is to raise $25 to $30 million. >> that is going to be the challenge of the host committee is torrets the funds necessary. >> we're first. we're not behind others. we'll be first to get paid. we'll make sure our costs are covered. >> reporter: some questioned why a multibillion business needs these types of incentives. >> i find what's being proposed somewhat appalling. essentially we're bike the nfl to come here. >> the stadium boosters have managed to admit that the deal benefits the san francisco 49ers, but not the city of santa clara. >> reporter: santa clara's competition did not approve the financial incentives requested by the nfl. >>> more details now, the bay area could see revenue similar to new orleans in this year's super bowl. that was about $185 million. league owners are expected to vote on wh
to town voting unanimously to waive a list of fees from hotel tax for nfl staff rooms to ticket sir charges, parking fees, all nfl requirements if santa clara wants to be considered as a super bowl host. the new stadium is finished in next year and if the super bowl comes in 2016 the stadium will be two years old at the time of the the hilton santa clara is optimistically planning a $140-room addition in time, ready in time, for the super bowl in 2016. the city will make their pitch to the nfl in may. >> we have some fees waived so we are more attractive. it is the first time we are doing this. we want to be competitive. >> miami is also a contender and will be competing against santa clara but miami has already posted ten super bowls. perhaps it is someone else's turn and sources tell abc7 news that miami probably cannot afford to waive those fees. the city of santa clara will take their pitch package to the nfl on may 21st. >> thank you. new this morning, president obama is now in israel going the first visit to the country and a new effort for peace between israelis and palestini
>> washington raised income taxes on the wealthy. >> boo! >> took the top marginal rate to the astounding 75% and instituted a 2% payroll tax for social security. their goal? they wanted to start trying to balance the budget because the president and treasury secretary were worried about the long term deficit? does that sound familiar? at the exact same time, the fed tightened rates, doing what all the bears say bernanke should do, betting that inflation could rage and rage easily if the fed stayed easy, which is what his critics are saying he should do right now. but when we went down this road in 1937 it sent the economy into an amazing tail spin. causing a recession within a depression. it was an economic calamity that was totally avoidable if the people in power made different, smarter choices. especially the federal reserve. ben bernanke does not want history to repeat itself. he's not going down the path of what the fed did in 1937. he's not stupid. even though that's exactly the path unfortunately that the president and congress are taking. bernanke recognizes that obama and congress
with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the russians, guess what? why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus. >> imagine your bank being closed. >> yeah. you have no access for three days. >> it's a reminder of how fragile and interconnected some of the pieces are in the european story. we're watching a recession deepen in europe. >> also when you think you have awe tax haven. >> that's right. >> christine, thank you. >>>
up, when they originally, why don't you tax depositors. this reduces that. secondly, it also protects everybody under 100,000 euros. everybody in both banks stays protected underneath the insurance threshold. now, who's going to end up getting taxed, levied, taking a haircut, anybody who's got over 100,000 euros in the account. they're going to probably suffer on-paper losses of 30 to 40%, maybe 50%. for that, they'll be given stakes in a new bank, in the new bank that will hopefully over time give them money or the wind-down of the assets of the old bank, the bad bank will pay them off over time. that's the situation. the employees are angry because they're worried they're going to lose their jobs. it's quite possible, because once you have two banks come together, what do you do? you get rid of branches, you have synergies in employment as the institution merges the together. the employees here are very, very angry about what they've heard. >> it's not the family. it's germany and other countries. they are not our friends. >> you want to leave the euro? >> yeah, of course. >> we are
that they would have to tax the bank accounts of their own citizens and those of foreigners in their country to help pay back this loan to bail them out. they don't like the idea of that at all. who's pushing it? we don't know where it came from, but we know a very strong eurozone member, germany, has been talking a lot about accountability. the idea that if you have a bailout like this for cyprus there has to be some really strong participation from cyprus in paying it back. and maybe there's no other way for them to pay back. that is what has spurred so much talk about russia of all things. why russia? why would russia be so interested in all this? there's a historic connection between russia and cyprus, but importantly many, many russians have many, many millions of dollars in those cyprus banks as an offshore tax haven. enough so they may control half of the accounts there in cyprus. the russian government does not want that money lost to its citizens for investment in russia, for building in russia. so the idea has been floated that maybe russia will step in and find a way to help pay b
after contributing to the bailout package by taxing people's bank accounts. now bank. >>> are closed at least -- now banks are closed and they will continue to give cyprus support and leaders are meeting to work out a new deal. >>> a teen accused of a shooting rampage has learned his fate. how he taunted the victim's families and we will have more on how long he will be behind bars. >>> critics say it is a super bowl sellout. . >>> a teen gets life in prison without parole. tj lane showed no remorse and he wore that t-shirt with the word killer on it. he taunted the victim's families and smirked at them when they asked for the maximum sentence. tj lane did not qualify for the death penalty because he was under the age of 18 during the shootings. >>> die and fine -- dianne finestein said the senate debate will begin next month and said the issue of gun control is a personal issue for her. as you know she became mayor of san francisco after harvey milk was assassinated in 1978. >>> sugary milk can kill you. they have linked obesity deaths worldwide to sugary drinks. of that number, wor
-of-war. the sweet tax deal that could be designed to lure a jimmy fallen-hosted "tonight show" to new york city. welcome back to early start. nice to have you with us this morning, i'm zoraida sambolin. >> good morning, i'm christine romans. it's about 30 minutes past the hour. breaking news this morning. a shooting at the military bailes at quantico, leaving three people dead. it's believed they are all marines. the base was on lockdown earlier this morning. the gunman barricading himself inside the building where he apparently killed himself. >> ask for everyone's prayers and thoughts for the families who are affected by this tragedy and we ask also that you give us time so we can sort out the details and get you guys the accurate information that you want. >> hmm. wow. more details coming up in a live report from quantico. >>> and in other news today, developing story out of texas may help solve the murder of tom clements. colorado police in texas this morning, at the scene of a police shoot-out that left the suspect dead. the dead man may have been the subject of a massive manhunt for the c
panic while the government arranged for a bail out. at one point there was a plan to tax all savings accounts 10%. the most recent plans involve a loss at a bank and a freeze on all transactions at the bank of cyprus. the dow is down 64 to 14,447. the nasdaq is down 9 at 3,235. >>> michael dell head head wins. the black stone group made offers to stockholders promising a higher price. that comes as dell and other investors are trying to buy up all of the company stock for $13.65 a share. they are offering $15 a share. black stone offering $14.25. >>> new security concerns about hundreds of laboratories across the country, including some in california. auditors say 1300 labs that work with deadly substances lack university security procedures -- uniform security procedures. one of the labs is on the campus of university of california at berkeley. experts have been calling for stricter rules for years. >> there needs to be standards dez ugfaded and -- designated and enforced. >> they have said they already have multiple layers in place. >>> a good friday protest is planned this week.
bankruptcy after contributing to the bailout package by taxing people's bank accounts. now bank. >>> are closed at least -- now banks are closed and they will continue to give cyprus support and leaders are meeting to work out a new deal. >>> a teen accused of a shooting rampage has learned his fate. how he taunted the victim's families and we will have more on how long he will be behind bars. >>> critics say it is a super bowl sellout. . >>> a teen gets life in prison without parole. tj lane showed no remorse and he wore that t-shirt with the word killer on it. he taunted the victim's families and smirked at them when they asked for the maximum sentence. tj lane did not qualify for the death penalty because he was under the age of 18 during the shootings. >>> die and fine -- dianne finestein said the senate debate will begin next month and said the issue of gun control is a personal issue for her. as you know she became mayor of san francisco after harvey milk was assassinated in 1978. >>> sugary milk can kill you. they have linked obesit
down party lines. the budget poses a trillion dollars in tax increases with modest spending cuts. it is going to go to the republican controlled house where all expectations are that it will be rejected. republican senators had proposed dozens of amendments. >>> it's a least rare occurrence in history. this morning more than 1,000 people gathered outside the papal retreat near rome. they were hoping to catch a glimpse of pope francis. he went there to eat lunch with his predecessor. vatican observers say they may discuss security leaks. >>> rosemary, i gotta tell you, allergies are killing me. >> spring has sprung. you are right, we are going to have another beautiful day out there. temperatures will be on the mild side and in some cases, will reach near 70 degrees. the official sunraise around the bay area, 7:08. so it is now up and shining. we again have mostly clear skies to start your day. a little patchy fog near half- moon bay but it should be burning off fairly quickly as we get into the next hour. temperatures a little cooler than where we were yesterday, he is special in
congressman think federal workers who haven't paid their taxes should be lined up and shot? stay tuned to find out. >> you are more like the fun free zone. >> i don't get it. >> it is a play on gun free. >> not the following? >> you know what? i'm not following you. go away. [ laughter ] >> let's welcome my goodness it's wonderful. wow. here with fox news anchor patti ann browne. the donna reid of 2013 and if commentary were math homework i would do him in the morning. bernie. my repulsive sidekick. >> bill: bill schulz. he brushes with a head hodge and garringles with mr. pibb. army special forces member kerry. should children learn a hook from the little redbook? on friday a day of the week barry the department of education website quoted the murderous former head of the chinese communist party. yep, the kid zone page of the national center on education statistics posted these words to live by in their quote of the day column. "our attitude towards ourselves should be satiable in learning and towards others to be tireless in teaching. ie. kill gun. the government rebound sight quickly remov
lenders to place a 20% tax over any account above $100,000 euros. now there have been mass protests. the european union says the east mediterranean island must raise $7.5 million u.s. dollars on its own before it can receive a $13 bailout. >>> south korea are accusing north korea of training malware cyber warriors. no connection to north korea has been found. investigators say there have been six cyber attacks coming from the country since 2009. they also say north korea is pouring money into science and technology. >>> the city of san jose is expected to approve a $7 million incentive for samsung to improve its company. it would replace existing offices with a more modern facility. right now the building offers 200,000 square feet of space but the company wants to expand it to 680,000 by building two ten story towers which would employ at least 10,000 people. >>> lowe's is being accused of december crimination. the chronicle is now reporting that six current and former employees have filed a lawsuit in superior court. they say lowe's hired minority employees to comply with an agree
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